Ottawa Should Stop Capping Payday Interest Rates

Ottawa should stop capping payday interest rates

A better policy than price control, which seldom works, would be to improve competition and transparency in the market for payday loans

Governor Dunleavy vetoes SB 39, which would have capped interest rates on consumer loans

Gov. Mike Dunleavy has vetoed Senate Bill 39, halting legislation that would have imposed a strict 36% all-in interest rate cap on consumer loans in Alaska. The measure, sponsored by Anchorage Democrat Sen. Forrest Dunbar, aimed to restrict what Dunbar described as predatory lending practices. Critics warned it would have unintended consequences for financially vulnerable […] The post Governor Dunleavy vetoes SB 39, which would have capped inter…

Alaska governor vetoes 36% interest rate cap

Alaska Gov. Mike Dunleavy, a Republican, rejected a bill that would cap consumer loan rates at 36% APR, arguing it would restrict credit access for vulnerable Alaskans.